Find Certified Payment Processing Now!

certified payment processing company y2payments

Whether you’re a brick and mortar, an online merchant, or you provide services to a variety of different merchants, you can’t survive today without a good payment processor. You limit your ability to connect with customers who want to pay with a variety of different options, but choosing a payment processor is tougher than ever. The market gets a bit more crowded every day. How can you find a certified payment processing company that’s a good fit for your organization? This guide can help.

Think About Security

As you work to narrow your choices, security has to be your top priority. You must select a payment processing company that offers your company and your customers security. Typically, that means choosing someone who is PCI-compliant, as they’ll be able to take advantage of the industry’s latest technology to help safeguard the process. Often this involves tokenization or various encryption tools, but these will change over time, so don’t just look at the company’s approach to security now. Ask about updates and changes to see how often they take advantage of what’s out there.

Consider Support

Most people look to fees first, but you know security has to come first. Think the cost to your company should come second? You may want to rethink that. Imagine choosing a company based on their rates only to find out that no support was included with those rates? That would be pretty frustrating if you had an issue, right? Support has to be next on the list of what to consider, as while payment processing will be mostly automated once you get set up, it’s possible that you will need a bit of help once in a while. The ability to reach someone who can help you immediately is invaluable, and having that support built into your costs is important for your company. Look for a processor who offers support both during set up and as you continue to do business.

Costs

The last thing you’ll want to consider is the cost to your company. You want your certified payment processor to have low fees, but you need to keep in mind what those costs involve. Ask about fees for terminals or anything else you have to lease from the company. Find out if you have to work with the company for a certain amount of time. Find out if you have a quota you have to meet or a number you have to stay under, too, so you know what you’re going to end up paying.

In the world of payment processing, there are different kinds of packages. Some offer tiered pricing based on the frequency of your transactions and the amount of each. Some offer a subscription-based model. Flat-rate models are usually great for merchants who do a low volume of business. Some even offer an interchange-plus system where they itemize the fees you pay over the course of a month and help you see what rates you’ve paid and to whom you’ve paid them. Your pricing model depends on the way your processor does business, so it’s essential to find an organization that fits your business model.

A certified payment processor can help your business grow in ways you never thought possible, but the reality is that there’s no one-size-fits-all model when it comes to payment processing because businesses aren’t like. Instead, you have to search to find a solution that meets your needs.

If you’re looking for a great payment processor, give Y2 Payments a call today. We’ll help you understand our unique business philosophy and decide whether our model works well for your company. To learn more, connect with us today.

Streamline For Better Payment Processing

better payment processing y2payments

Credit card processing fees aren’t always fair. Payment processing can seem limited, and built to punish small businesses, low volume sellers, and the business-to-business industry. These businesses need better payment processing options that can fully cover a range of payments, including ACH/EFT payments.

Better Credit Card Processing

The solution is interchange plus pricing. This model is less complicated and more straightforward than traditional credit card processing. It’s also more flexible in terms of satisfying many modern requirements that businesses have.

The best approach is to compare the two options. For many large volume sellers or large franchises, they see beneficial credit card processing deals with friendly rates. Their payment processing options are beneficial to them because processors want to secure their business long-term.

Even Footing for Small Businesses

For most businesses outside this range, they just don’t see the same benefits offered to them. Processors are less confident in these businesses and so they look to make more money out of them in the short-term, unconcerned with the impact on a long-term partnership. This benefits them, but not your business.

Interchange plus pricing is an approach to credit card processing that relies on giving you the information you need to make a decision up-front. You can even see an audit of your current fees and compare these to what they’d look like under Y2Payments.

Y2Payments Conduit

Our platform is called the Y2P Conduit, manages these payments. It’s fully PCI DSS compliant. You can securely run transactions across six payment channels. This includes payments made by internet or phone, by mail, or at point-of-purchase, whether it’s through credit, debit, or ACH. Reporting according to your organizational structure is rolled into this. This allows you the benefit of increased analytics and reduced risk on purchases, transactions, and chargebacks.

With the Y2P Conduit, you don’t have IT implementation expenses or changes in how your staff performs their jobs. Other credit card processors aren’t concerned with your quality of service.

The Y2Payments method of better payment processing, payment structures and the Y2P Conduit’s ability to quickly reduce transaction fees, gives you more control over your business and gives your business a better deal than with other processors.

Contact Y2Payments today at 888-693-1850 for a free no risk statement review & audit!